Reported 14 days ago
Goldman Sachs analysts believe the current AI boom is sustainable, projecting it will unlock an $8 trillion opportunity. Despite concerns regarding a potential AI bubble akin to the dotcom era, they argue that productivity gains will surpass investments. The report highlights a significant increase in venture capital funding for AI startups, with major tech firms expected to ramp up their capital expenditures in AI infrastructure, indicating a strong growth trajectory in the sector.
Source: YAHOO